PHILIPPINE STOCKS may rebound this week as the Bangko Sentral ng Pilipinas (BSP) is expected to cut benchmark interest rates following slower-than-expected March headline inflation.
On Friday, the bellwether Philippine Stock Exchange index (PSEi) fell by 1% or 61.54 points to close at 6,084.19, while the broader all shares index declined by 0.57% or 20.97 points to 3,643.44.
Week on week, the PSEi dropped by 1.03% or 63.25 points from its 6,147.44 finish on March 28, marking its fourth consecutive week in the red.
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